By Amira McKee
Shares of Fulgent Genetics tumbled after the company recorded a wider net loss in the fourth quarter and guided for lower-than-expected results in 2026.
The stock plunged 32% to $16.84 in Friday morning trading. The shares have gained 7.9% in the past year.
The medical services company recorded a fourth-quarter net loss of $23.4 million, or 76 cents a share, compared with a loss of $5.9 million, or 19 cents a share, a year earlier.
Adjusted earnings came in at 16 cents a share, beating the 3 cents that Wall Street was expecting, according to FactSet.
Revenue grew 9% to $83.3 million, missing the $85.4 million that analysts polled by FactSet were looking for.
For 2026, Fulgent expects to log a full-year adjusted loss per share of around $1.45 on revenue of around $350.0 million. Wall Street is forecasting an adjusted loss of 32 cents a share on revenue of $356.3 million for the full year.
Write to Amira McKee at amira.mckee@wsj.com
(END) Dow Jones Newswires
February 27, 2026 10:17 ET (15:17 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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